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Net Zero Emission

‘Net Zero Will More Than Double Australian Energy Bills’

A new report claims closing coal-fired power stations isn’t the way to go

India

New Report Shows That India Will Require $223 Billion to Meet RE Goals

​India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by researc…

Wind Power Project

ACWA Power-Led Consortium Signs Agreement for Wind Project in Egypt

ACWA Power has inked a project agreement to develop a 1.1 GW wind project in Egypt at an investment value of US$1.5 billion.

United States

Solar Consortium Pledges $6BN for American-Made Modules

Leading solar developers have committed to spending $6 billion on American-made modules to support the expansion of the domestic solar supply chain.

Solar Power Panel

US Solar Developers to Spend US$6B to Boost Local Panel Supplies

A group of US solar energy project developers yesterday said they would jointly spend about US$6 billion (RM26.4 billion) to support expansion of the domestic s…

Hydrogen Project

$5 Billion Green Hydrogen Project Launches Between Adani and TotalEnergies

The renewable H2 initiative is meant to help India to cut back on its oil and coal imports.

Russian Federation

Enel Offloads Its Russian Assets for €137M

The company is forecasting a hit of approximately €1.3 billion on net income.

United Kingdom

UK’s Ofgem Proposes New Rules to Protect Customers Amid Soaring Energy Prices

Britain's energy regulator on Monday proposed new measures to protect consumers' money and prevent energy suppliers from charging high direct debit payments, a …

Germany To Provide 15 Billion-Euro Credit Line To Fill Gas Storage

Germany will provide an additional 15 billion euros in credit lines for the purchase of gas to replenish storage facilities.

BP Buys 40.5% Stake in Asian Renewable Energy Hub

The multi-billion dollar investment at Pilbara, western Australia, will produce around 1.6mn tonnes of green hydrogen at full capacity.

United States

U.S. Sustainable Funds Mark Rare Outflow in May

Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursda…

United Kingdom

UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’

The UK spent £5.1 billion on Russian energy imports in the year to April 2022.

Global Leaders Agree to Urgent Action on Energy Efficiency

Global leaders have pledged support to bolster energy efficiency in an effort to reduce energy bills, dependence on foreign fuels, and emissions.

Energy Storage Project

Solar-Plus-Storage Project With up to 4,500MWH of Batteries Proposed in Philippines

An infrastructure group owned by billionaire Enrique K Razon has proposed construction of a solar-plus-storage project in the Philippines, which would be one of…

Electricity Transmission

Australian State to Invest $850 Mln in Power Grid

Australia's New South Wales state on Friday said it would invest A$1.2 billion in new transmission lines over 10 years.